numeraire
/ˈnjuːmərɛː
/noun Economics
An item or commodity acting as a measure of value or as a standard for currency exchange.Money therefore appears to be just a mere numeraire....
- More practically, income could be measured as the money value, or value in some other numeraire, of the goods and services directly yielding utility, but only of those.
- Labor can be a numeraire of profits, but that hardly justifies the labor theory of value, because many things can be numeraires.
Origin
1960s: from French numéraire, from late Latin numerarius, from Latin numerus 'a number'.
- by the head
- by the minute
- by themselves
- by the numbers
- by the same (or that or this) token
- by the same token
- by the skin of one's teeth
- by the sweat of one's brow
- by the truckload
- by the way
- by-the-wind sailor
- by the yard
- Bytom
- bytownite
- by turns
- byun
- by water
- byway
- by way of
- by wire
- byword
- by-your-leave
- by yourself
- Byzantine
- Byzantine Empire